Adbri predicts demand growth beyond the short term

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Australia: Adbri says that it expects growth in domestic cement demand to continue beyond a present residential construction boom. The Australian Financial Review newspaper has reported that Adbri chief executive Nick Miller believes that house building has undergone a nationwide ‘pull-forward’ in the wake of the coronavirus outbreak. The producer says that the government’s planned US$116bn infrastructure spend would insure a medium-term increase in cement demand. It gave as an example the Western Sydney Aerotropolis, which will require 500,000m3 of concrete. The company currently derives 45% of sales from non-residential construction.

Last modified on 05 May 2021

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